Sales trends of emerging Chinese EV brands in China (2023-2025) Through the first half of 2024   In the Chinese market, where NEVs (New Energy Vehicles: BEVs, PHVs, FCVs) continue to gain prominence, from the second half of 2022 until the first half of 2024, following the major brands such as BYD (BYD Auto Co. Ltd.) and Geely (Zhejiang Geely Holding Group Co., Ltd.), Li Auto (Chongqing Li Auto Automobile Co., Ltd.), NIO (NIO, Inc.), and XPe...

Market & Tech Reports  Updated at: 2025/09/17

Sales Trends of Chinese OEMs in Europe Market share close to 10%, BYD's sales volume grows more than 5 times Summary Sales in Europe by Chinese OEMs European market trends of BYD, Geely, SAIC, and Chery   According to MarkLines production and sales data, new vehicle sales in major European countries totaled 8,962,000 units in the first half of 2025 (January-June), down 4.6% year-over-year (y/y). Of this total, Chinese OEMs sold 872,000 units, do...

Market & Tech Reports  Updated at: 2025/09/16

and accounting for 26% (up 5 percentage points y/y) of the total BEV volume. There were 21 manufacturers with a New Energy passenger car wholesale volume exceeding 10,000 units in August, up 2 y/y and accounting for 93.5% (92.1% last month) of the total volume. These manufacturers were: BYD (371,501 units), Geely (147,347 units), Tesla China (83,192 units), Changan Auto (78,953 units), Chery (58,233 units), Leapmotor (57,066 un...

Market & Tech Reports  Updated at: 2025/09/10

ase, sales momentum slowed considerably in May and June, with declines of 15.1% and 22.6%, respectively.   In June, Toyota led the market with a 30.9% share, followed by Daihatsu (16.2%), Mitsubishi (8.7%), Suzuki (8.6%), and Honda (7.2%). Several Chinese automakers followed, led by Chery at 3.9%, BYD at 3.6%, Denza at 3.1%, and Wuling at 1.1%.   According to GAIKINDO, although domestic car prices remain affordable and many brands are offering ...

Market & Tech Reports  Updated at: 2025/08/28

hicle (BEV/PHV/FCV) - Top 10 best selling models  (000 units) The table can be scrolled horizontally - Model Maker/Brand P/T 2025July 2024July Y-o-Y 2025Jan.-Jul.total 2024Jan.-Jul.total Y-o-Y 1 Model Y Tesla BEV 68 74 -8.1% 456 554 -17.6% 2 Xingyuan Geely BEV 44 - -% 249 - -% 3 Seagull BYD BEV 34 32 8.1% 272 197 38.0% 4 Qin Plus BYD BEV/PHV 29 40 -27.2% 166 266 -37.6% 5 Model 3 Tesla BEV 28 31 -9.7% 252 248 1.6% 6 Wuling Honggu...

Market & Tech Reports  Updated at: 2025/08/26

ent developments. Overview China Automotive Systems, Inc. (CAS) is a steering system manufacturer in China. The company’s sales were USD 576 million (fiscal year ended December 31, 2023) with 4,095 employees (as of December 31, 2022) Business expansion: Delivered to Chinese automakers including BYD, China's leading EV manufacturer. The company partnered with Stellantis-FCA in the North American market, and its products were adopted by Alfa Ro...

Market & Tech Reports  Updated at: 2025/08/21

ICE to an EV, which means that the subsidy will cover everything except the cost of purchasing the battery. To qualify for subsidies, the local content rate must be at least 40%, and only Wuling and Hyundai are able to meet this requirement at this time. Kawasaki Ninja electric model   BYD and other Chinese EV manufacturers have received import tax exemptions by promising the government future domestic production. A company is requir...

Market & Tech Reports  Updated at: 2025/08/20

igns of easing in July as fewer models have been discounted. Chinese OEM’s have eroded the market’s pricing in a bid to gain market share in a fiercely competitive modern vehicle market. Chinese officials have stepped in to put an end to this, meeting with heads of the largest OEM’s including BYD, where they instructed manufacturers not to offer unreasonable discounts. The EV market is the main battleground in the price war, as domestic and...

Market & Tech Reports  Updated at: 2025/08/20

otive units and power devices, exhibited recent teardown components and power modules.   At Automotive World in January 2025, the company exhibited the inverter and PCS of the Tesla Cybertruck, and the OBC+DC/DC converter of the Xiaomi SU7. At this expo LTEC exhibited a Renault 5 E-TECH OBC, and a BYD Qin L DM-i PHEV inverter, power module, and other components.   The Renault 5 is a super BEV with two in-wheel motors with a maximum output of 20...

Market & Tech Reports  Updated at: 2025/08/19

a and the ASEAN, but BEV market shares are also increasing in Europe and Northern Europe (Figure 2). Figure 2: Sales share by powertrain type by country and region (Source: MarkLines - Vehicle sales volume search by EV/Model/Country/etc.)    By manufacturer, Chinese automakers BYD, Geely, and Chery all saw sales increase by more than 20%, while U.S. manufacturers Ford and GM also saw sales increases. On the other hand, Japan...

Market & Tech Reports  Updated at: 2025/08/18

% y/y and accounting for 32% (down 9.0% y/y) of the total BEV volume. There were 19 manufacturers with a New Energy passenger car wholesale volume exceeding 10,000 units in July, an increase of 2 manufacturers y/y and taking up 92.1% (91.3% last month) of the total volume. These manufacturers were: BYD (341,030 units), Geely (130,124 units), Changan Auto (75,925 units), Tesla China (67,886 units), Chery (62,107 units), SAIC-GM-Wuling (59,580 unit...

Market & Tech Reports  Updated at: 2025/08/12

uilding Systems divisions. In recent years, the activities of each company to reorganize their businesses in China have been conspicuous. Adient: End of joint venture with Yanfeng Automotive Trim Systems Co., Ltd. and acquisition of a subsidiary of the joint venture. Forvia SE joint venture with BYD expanded with the opening of its seventh plant and the construction of a seat assembly plant in Thailand. Magna: Acquisition of Chongqing Honglizh...

Market & Tech Reports  Updated at: 2025/08/06

6.937 million units, accounting for 44.3% of all new vehicles.   This report presents significant trends and activities of Chinese and foreign automakers in the Chinese market in the second quarter (Q2) of 2025.   Chinese automakers are deepening their efforts in integrated vehicle intelligence. BYD Auto Co. Ltd. (BYD) announced that it will focus on implementing core autonomous driving technologies into its products over the next three to fiv...

Market & Tech Reports  Updated at: 2025/08/01

tions shows slight fluctuations between 2020 and 2022, but increases significantly to 521 in 2023. Looking at the number of patent applications filed by each company, Toyota Motor Corporation (Toyota) and Honda Motor Co., Ltd. (Honda) in Japan, and Zhejiang Geely Holding Group Co., Ltd. (Geely) and BYD Co., Ltd. (BYD) in China, have filed many applications.   Development subjects include themes such as "Adaptive power generation control and ener...

Market & Tech Reports  Updated at: 2025/07/30

hicle (BEV/PHV/FCV) - Top 10 best selling models  (000 units) The table can be scrolled horizontally - Model Maker/Brand P/T 2025June 2024June Y-o-Y 2025Jan.-Jun.total 2024Jan.-Jun.total Y-o-Y 1 Model Y Tesla BEV 91 96 -4.7% 372 479 -22.4% 2 Xingyuan Geely BEV 41 - -% 205 - -% 3 Seagull BYD BEV 38 34 11.6% 238 165 43.8% 4 Model 3 Tesla BEV 37 52 -29.5% 212 215 -1.4% 5 Wuling Hongguang MINI EV Wuling BEV 28 13 116.9% 195 63 208.8% ...

Market & Tech Reports  Updated at: 2025/07/28

antis’ global output to grow 10.3% YoY over the course of H2 2025 due to improved consumer sentiment, further model releases and a strategic reallocation towards hybrids across Europe. Full-year build is projected to rise by 1.4% YoY to 5.9 million units in 2025, compared to 5.8 million in 2024. BYD AutoIn Q1 2025, BYD Auto reported a substantial YoY production increase of 74% in the Asia-Pacific region, reaching 1.1 mn units. This was largely...

Market & Tech Reports  Updated at: 2025/07/28

detect vehicles and pedestrians on the parallel general road. On rare occasions, vehicles or pedestrians cross the road, but this has never led to anything serious as it can be detected from a considerable distance away (according to the driver).   Small route bus (Kawasaki City): Base vehicle BYD J6 2.0 Operating environment Limited time demonstration on two routes in Kawasaki City, L0~2, with general passenger boarding Test model Tier...

Market & Tech Reports  Updated at: 2025/07/16

th American markets VW: Production expansion for the fourth consecutive year, concerns over impact of U.S. tariffs Hyundai/Kia Group: Production of SUVs for the U.S. market transferred to the U.S. plant Chinese manufacturers: Tension in U.S.-China relations creates headwinds for new entrants Tesla, BYD, and Hon Hai (Foxconn) GlobalData Production Forecast: Mexico light vehicle production expected to be 3.56 million units in 2028 Mexico ligh...

Market & Tech Reports  Updated at: 2025/07/11

-2.6 meters) totaled 230,000 units, up 7% y/y and accounting for 30% of the total BEV volume. There were 18 manufacturers with a New Energy passenger car wholesale volume exceeding 10,000 units in June, down 1 y/y and taking up 91.8% (91.2% last month) of the total volume. These manufacturers were: BYD (377,628 units), Geely (122,367 units), Changan Auto (87,458 units), Tesla China (71,599 units), Chery (66,368 units), SAIC-GM-Wuling (61,810 unit...

Market & Tech Reports  Updated at: 2025/07/10

[Chiller example] (photo by MarkLines) The air conditioning refrigerant system extends the refrigerant gas circuit for vehicle air conditioning to the battery for cooling. Representative examples include the Nissan Sakura, the Mitsubishi eK X (‘Cross’) EV, the Mazda MX-30, and the BYD Seal. A comparison of the above three methods is summarized in the table below. (Legend: ◎ Excellent, 〇 Good, △ neutral, × poor) ...

Market & Tech Reports  Updated at: 2025/07/08